Early Payments Could Cash Flow The End Of Furlough
£40bn in late payments could revitalise the post-Covid economy, says Oxygen Finance.
Hundreds of Businesses in Flintshire Get Paid Early With New Fast Track and FreePay Supplier Scheme
Eligible, small, local suppliers are automatically enrolled in FreePay to receive faster payment.
Vulnerable Citizens & Public Health Accounts For 40% Of Local GOV. 3rd Party Spend As a Result Of COVID
The 2020/21 Local Government Third Party Spend Almanac has shown overall spend by councils in England in 2020/21 reached £64bn.
Local Government Third Party Spend Almanac 2020/21
Oxygen Finance and EY explore the spend trends caused directly and indirectly by COVID-19 against a reported £64bn spend in England.
PPN05/21: Moving Focus Away From Traditional Payment Approaches Can Support Both The Buyer and Their Suppliers.
It is promising to see PPN05/21, released this month by HM Government, highlighting the impact and importance of payment terms.
Local Authorities Increase Focus on Early Payments
The voluntary programmes, which include a FreePay option for smaller firms, help release liquidity into the supply chain.